Laserfiche WebLink
<br />THE FLOOD OF 1993 <br /> <br />Figure 1.8 <br /> <br />Crop Disaster Payments, 1993. <br /> <br /> <br /> ASCS State Totals <br /> 4lOOOOOOO <br /> 400000000 <br /> 350000000 <br />D 300000000 <br />0 <br />I 250000000 <br />1 <br />a 200000000 <br />, llOOOOOOO <br /> 100000000 <br /> lOOOOOOO <br /> 0 <br /> State <br /> ASCS Disaster Payments <br /> 1993 . Processed as of3194 <br /> . $10,000,000 to S24,700,000 (18) <br /> . 55,000,000 to SI0,000,000 (l2) :':" <br /> II $1,000.000 to Sl,OOO,OOO (284) <br /> 0 Oto $l,OOO,~OO (417) <br /> <br />SI.4 Billion Dollars <br />Mean Average ~ Sl.8 Million <br />Standard Deviation = $2.8 Million <br />Maximum = $24.6 Million <br /> <br />N <br /> <br />~ <br /> <br />FMRC <br /> <br />,., <br /> <br />,., <br /> <br />Miles <br /> <br />Source: U.S. Department of Agriculture, Agricultural Stabilization and Conservation Service, March 1994. <br /> <br />region of the Dakotas, Minnesota, Wisconsin, and <br />northern Iowa.53 Cropland in this area of hydric soils <br />and excessive rainfall does not drain well. The <br />majority of payments went to fanners participating in <br />commodity programs (Table 1.5), but damages would <br />have been higher without fanner enrollment because the <br />6 million acres of land set aside (the 1993 requirement <br />for program participation) would have incurred crop <br />losses if production had been allowed. <br /> <br />Insurance Program (NFIP) and the Federal Crop <br />Insurance Program. Claims payments by federal <br />insurance programs are distinct from federal <br />expenditures. Table 1.6 summarizes claims payments <br />from these programs by state. Under both programs. <br />individuals pay an annual insurance premium to the <br />government and the government provides insurance <br />coverage, Tables showing insurance payments from the <br />NFIP and the Federal Crop Insurance Corporation <br />(FCIC) follow. <br /> <br />Federal Insurance Programs <br /> <br />The federal government operates two insurance <br />programs that provided claims payments to those <br />impacted by the Midwest flood; the National Flood <br /> <br />National Flood Insurance Program. Flood insurance <br />coverage on buildings and their contents is available <br />through the NFIP in participating communities. Under <br /> <br />26 <br /> <br />l1:;,.. <br /> <br /> <br />~. <br />{i <br />I <br />?i' <br />.-f'" <br /> <br />J,,' <br /> <br />-:f~' <br />,"b\ <br /> <br />"-" <br />or' <br /> <br />-~~; <br /> <br />